Bridging Loans for Residential Property

Bridging Loans for residential property

The most common use of a residential bridging loan is when you would like to purchase a new property but have not sold your existing property. In these cases it is possible to take out a short term loan that can be repaid when your old property is sold.

A residential bridging loan can also be used to repay debt, purchase new investment properties or even for home improvements. Our specialists can work from the market value of the properties not just the purchase price which is the case with many high street lenders.

A bridging loan for renovation is also very useful in the situation where a high street lender cannot lend on a property beacuse it is uninhabitable.

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Your Home may be repossessed if you do not keep up repayments on your mortgage or loan secured on your property.

Sidstone.co.uk is proud to be part of the Unbiased Finance network www.unbiasedfinance.com. Sidstone introduces all enquiries to Unbiased Finance, 131 Church Street, Staffordshire, ST4 1DB which is a registered Individual of EP Bengry and regulated by the Financial Services Authority. FSA No. 434488. This website is only directed at persons within the UK. Calls may be recorded for training and monitoring. Your initial mortgage consultation is obligation free. We do not charge a fee for remortgages or insurance products. There will be a minimum fee for our mortgage service of £199, which is only payable on completion of your mortgage. We will retain the commission from the mortgage lender.